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Dropsuite Announces Court Approval for Shareholder Vote on Acquisition

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Dropsuite Announces Court Approval for Shareholder Vote on Acquisition

An update from Dropsuite ( (AU:DSE) ) is now available.

Dropsuite Limited has announced that the Federal Court of Australia has approved the convening of a Scheme Meeting for shareholders to vote on the proposed acquisition by NinjaOne Australia Pty Ltd. The Scheme Booklet, which includes an independent expert’s report, will be dispatched to shareholders, with the expert concluding that the acquisition offer is fair and reasonable. The Dropsuite Board recommends shareholders vote in favor of the proposal, highlighting its potential benefits and alignment with shareholder interests.

More about Dropsuite

Dropsuite is a cloud software platform that enables businesses to easily backup, recover, and protect their important business information. The company is committed to advanced, secure, and scalable cloud technologies, positioning itself as a preferred choice for leading IT Service Providers globally.

Technical Sentiment Signal: Sell

Current Market Cap: $252.6M

See more data about DSE stock on TipRanks’ Stock Analysis page.

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